Insider Selling: Timberland Bancorp (NASDAQ:TSBK) COO Sells 2,000 Shares of Stock

Timberland Bancorp, Inc. (NASDAQ:TSBK) COO Jonathan Fischer sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $47.76, for a total value of $95,520.00. Following the transaction, the chief operating officer directly owned 8,095 shares of the company’s stock, valued at approximately $386,617.20. This trade represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Timberland Bancorp Price Performance

Shares of Timberland Bancorp stock traded down $0.39 during trading on Thursday, reaching $47.77. The company’s stock had a trading volume of 47,268 shares, compared to its average volume of 31,866. The business has a 50 day moving average price of $45.97 and a 200-day moving average price of $42.45. Timberland Bancorp, Inc. has a 12-month low of $32.34 and a 12-month high of $49.38. The company has a market capitalization of $371.65 million, a P/E ratio of 12.06 and a beta of 0.34. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.04.

Timberland Bancorp (NASDAQ:TSBK) last released its quarterly earnings data on Thursday, October 29th. The savings and loans company reported $1.04 earnings per share (EPS) for the quarter. Timberland Bancorp had a return on equity of 11.51% and a net margin of 26.18%. The firm had revenue of $22.78 million during the quarter.

Timberland Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.31 per share. This is a boost from Timberland Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.6%. Timberland Bancorp’s dividend payout ratio is currently 30.30%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Timberland Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Timberland Bancorp has an average rating of “Strong Buy”.

Institutional Investors Weigh In On Timberland Bancorp

Institutional investors have recently modified their holdings of the company. Legal & General Group Plc acquired a new stake in shares of Timberland Bancorp in the 2nd quarter worth approximately $31,000. Squarepoint Ops LLC purchased a new position in Timberland Bancorp in the 2nd quarter valued at approximately $227,000. Sequoia Financial Advisors LLC purchased a new position in Timberland Bancorp in the 2nd quarter valued at approximately $238,000. Deutsche Bank AG acquired a new position in Timberland Bancorp during the second quarter worth $328,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Timberland Bancorp during the second quarter worth $544,000. Hedge funds and other institutional investors own 65.49% of the company’s stock.

About Timberland Bancorp

Timberland Bancorp, Inc is the holding company for Timberland Bank, a community banking institution headquartered in Hoquiam, Washington. The bank serves individuals, families, businesses and public-sector organizations in communities across western Washington.

Timberland Bank offers deposit products, including checking, savings, money market and certificate accounts, along with consumer and commercial lending. Its loan portfolio includes residential real estate, commercial real estate, construction and land development, agricultural, small-business and consumer loans.